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GTCO Seeks $100M, Targets London Stock Listing

04.07.2025
Guaranty Trust Holding Company Plc has announced plans to raise approximately $100m through a fully marketed equity offering and transition from its current Global Depositary Receipts structure to a full listing of its ordinary shares on the London Stock Exchange’s Main Market for listed securities. The financial services group disclosed this in a statement filed...
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ECOWAS Bank approves $100m for Lagos-Calabar highway

04.07.2025
The ECOWAS Bank for Investment and Development has announced approval of $100m in funding for the construction of a 47.7km stretch of the Lagos-Calabar Coastal Highway. This is a major boost to the Federal Government’s quest to deliver the 700km Lagos-Calabar coastal highway by 2028. The  47.7km segment, designated as Section 1, Phase 1 of...
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Customs seize 27 illicit containers, seal three terminals

04.07.2025
The Nigeria Customs Service, Apapa Area Command, has said that it seized  27 containers of prohibited and illegally imported items between January and June 2025. This is even as the command announced that it sealed three bonded terminals for various infractions. The Customs Area Controller in charge of the command, Babatunde Olomu, disclosed this during...
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Nigeria records zero pirate attack in three years – FG

04.07.2025
The Minister of Marine and Blue Economy, Adegboyega Oyetola, said that Nigeria has recorded zero piracy incidents in its territorial waters in the last three years This is even as Oyetola announced that the government has concluded plans to revive fishing terminals. He stated this in Lagos on Thursday during a One-Day Citizens/Stakeholders’ Engagement. The...
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No grid collapse incident in Q1 – NERC

04.07.2025
There was no power system collapse nor disturbance in the first quarter of 2025, a major improvement in grid stability, according to the latest report released by the Nigerian Electricity Regulatory Commission. The report, which assessed grid performance, market remittance, metering, customer service, and safety, highlighted the regulatory commission’s push for enhanced system coordination by...
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Capital projects got only 20% of N25tn 2024 spending

04.07.2025
The Federal Government has spent just N4.99tn – only 20 per cent of its total N24.91tn budget – on capital projects in 2024, leaving the country’s infrastructure needs largely underfunded. Despite a significant rise in government spending, the lion’s share of the budget continues to be swallowed by recurrent expenditures, particularly debt servicing and personnel...
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Foreign transactions surge to N118.9bn on NGX

04.07.2025
Foreign portfolio transactions on the Nigerian Exchange Limited surged to N118.9bn in May 2025, representing an increase of 88.54 per cent compared to N63.07bn recorded in April 2025. The rise in foreign inflows, equivalent to about $74.97m at the prevailing exchange rate, contributed significantly to the overall equity market activity, which saw total transactions jump...
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GTCO to raise $100m through London listing – Punch Newspapers

04.07.2025
Guaranty Trust Holding Company Plc has announced plans to raise approximately $100m through a fully marketed equity offering on the London Stock Exchange as part of its broader strategy to recapitalise its banking subsidiary and expand international investor participation. The company disclosed that it is transitioning from its Global Depositary Receipts listing to a full...
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Oyetola inaugurates NPA board – Punch Newspapers

04.07.2025
The Minister of Marine and Blue Economy, Adegboyega Oyetola, has inaugurated the newly constituted Governing Board of the Nigerian Ports Authority. The move aims to reposition the maritime sector as a driver of national economic development. According to a statement on Monday, the inauguration took place at the ministry’s conference room in Abuja. Oyetola described...
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I apologise for saying no heaven without tithe – Adeboye

04.10.2024
The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has apologised for saying that Christians who don’t pay tithe might not make it to heaven. Adeboye who had previously said that paying tithe was one of the prerequisites for going to heaven, apologised for the comment while addressing his congregation Thursday...

Protesters storm Rivers electoral commission, insist election must hold

04.10.2024
Angry protesters on Friday stormed the office of the Rivers State Independent Electoral Commission, singing and chanting ‘Election must hold’. They defied the heavy rainfall spreading canopies, while singing and drumming, with one side of the road blocked. The protest came after the Rivers State governor stormed the RSIEC in the early hours of Friday...

Man who asked Tinubu to resign admitted in psychiatric hospital

04.10.2024
The Adamawa State Police Command has disclosed that the 30-year-old Abdullahi Mohammed who climbed a 33 kv high tension electricity pole in Mayo-Belwa last Friday has been admitted at the Yola Psychiatric hospital for mental examination. The Police Public Relations Officer of the command SP Suleiman Nguroje, told Arewa PUNCH on Friday in an exclusive...

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